date:Jan 22, 2014
off from Kraft Foods in October of 2012. Last year, Trian Fund Management, of which Peltz is a co-founder, recommended that PepsiCo spin off its beverage business and merge its snacks business with Mondelez. Peltz also has a sizable stake in Pepsi and a seat on its board.
PepsiCo CEO Indra Nooyi has repeatedly rejected the idea of splitting up the company's beverage and snack businesses. These two categories are better together, not just in the United States, but around the world, she said.
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